<ARTICLE> 5 <PERIOD-TYPE> 3-MOS <FISCAL-YEAR-END> DEC-31-1997 <PERIOD-START> JAN-01-1997 <PERIOD-END> SEP-30-1997 <CASH> 62,110 <SECURITIES> 0 <RECEIVABLES> 1,082,039 <ALLOWANCES> 0 <INVENTORY> 0 <CURRENT-ASSETS> 0 <PP&E> 6,076,194 <DEPRECIATION> 341,298 <TOTAL-ASSETS> 64,662,732 <CURRENT-LIABILITIES> 0 <BONDS> 5,074,176 <PREFERRED-MANDATORY> 0 <PREFERRED> 32,500,000 <COMMON> 105,710 <OTHER-SE> 20,600,839 <TOTAL-LIABILITY-AND-EQUITY> 64,662,732 <SALES> 23,772,328 <TOTAL-REVENUES> 23,772,328 <CGS> 0 <TOTAL-COSTS> 0 <OTHER-EXPENSES> 7,140,499 <LOSS-PROVISION> 0 <INTEREST-EXPENSE> 335,270 <INCOME-PRETAX> 16,296,559 <INCOME-TAX> 3,342,424 <INCOME-CONTINUING> 19,638,983 <DISCONTINUED> 0 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> 19,638,983 <EPS-PRIMARY> 1.86 <EPS-DILUTED> 0